Eurobank Bulgaria - Asset Quality

Eurobank Bulgaria's non-performing loans reached 10.4%
of total loans at the end of 2015,
down
from 11.9% when compared to the previous year.
Historically, the NPL ratio hit an all time high of
11.9% in 2014
and an all time low of
1.77% in 2008.

Provision coverage amounted to 111% at the end of 2015,
up
from 92.3% compared to a year earlier.

The bank created loan loss provisions worth of 1.72%
of average loans in 2015.
That's compared to 2.57%
of loans the bank put aside to its cost on average in the last five years.

When compared to bank's main peers,
DSK Bank
operated at the end of 2015 with NPL ratio of
15.1% and provision coverage of
93.9%, United Bulgarian Bank
with
19.3%
and
78.8%
respectively
and Raiffeisenbank Bulgaria
had
11.0%
of bad loans covered with
66.3%
by provisions at the end of 2015.